Philanthropy

Paul Allen’s friends are saluting his life. For the sake of our own loved ones, we need to end his billionaire epoch.

Billions are being warehoused in donor-advised funds in the face of urgent social needs.

But let’s give only a Bronx cheer to the flacks for grand fortune who exploit the lessons of her remarkable life.

Studies show wealth concentration has an impact on generosity. Charities, nonprofits, and the people they help may be paying the price.